Bill Text: TX HB3685 | 2017-2018 | 85th Legislature | Introduced
Bill Title: Relating to the administration of the low income housing tax credit program by the Texas Department of Housing and Community Affairs.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2017-05-09 - Placed on General State Calendar [HB3685 Detail]
Download: Texas-2017-HB3685-Introduced.html
85R14152 JAM-D | ||
By: Alvarado | H.B. No. 3685 |
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relating to the administration of the low income housing tax credit | ||
program by the Texas Department of Housing and Community Affairs. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 2306.67022, Government Code, is amended | ||
to read as follows: | ||
Sec. 2306.67022. QUALIFIED ALLOCATION PLAN; MANUAL. (a) | ||
At least biennially, the board shall adopt a qualified allocation | ||
plan and a corresponding manual to provide information regarding | ||
the administration of and eligibility for the low income housing | ||
tax credit program. The board may adopt the plan and manual | ||
annually, as considered appropriate by the board. | ||
(b) The department shall ensure that a qualified allocation | ||
plan adopted under this section complies with all federal and state | ||
fair housing laws and may not implement a qualified allocation plan | ||
or a component of that plan in a manner that does not comply with | ||
those laws. | ||
SECTION 2. Section 2306.6710(a), Government Code, is | ||
amended to read as follows: | ||
(a) In evaluating an application, the department shall | ||
determine whether the application satisfies the threshold criteria | ||
required by the board in the qualified allocation plan. The | ||
department shall reject and return to the applicant any application | ||
that fails to satisfy the threshold criteria. On rejection and | ||
return of an application under this subsection, the department | ||
shall include an explanation of the reason the application fails to | ||
satisfy the threshold criteria. | ||
SECTION 3. The change in law made by this Act applies only | ||
to an application for low income housing tax credits that is | ||
submitted to the Texas Department of Housing and Community Affairs | ||
during an application cycle that is based on the 2018 qualified | ||
allocation plan or a subsequent plan adopted by the governing board | ||
of the department. An application that is submitted during an | ||
application cycle that is based on an earlier qualified allocation | ||
plan is governed by the law in effect on the date the application | ||
cycle began, and the former law is continued in effect for that | ||
purpose. | ||
SECTION 4. This Act takes effect September 1, 2017. |